The sector is getting pounded. It would have to influence any negotiations for a farm-in deal, as there are other companies out there ripe for the picking (i.e. full takeovers). I am willing to wait until things turn around, rather than rushing to accept any deals that are on the table, which management think are low ball offers.
We might have to be patient, but given cash levels and low cash burn we have the luxury of being patient (unlike some other microcaps).
AQO Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
